Business & Money | Thursday 6 February, 2025 10:34 am

CBUAE, Economic Security Centre of Dubai sign MoU to enhance partnership in combating financial crime

The Central Bank of the UAE (CBUAE) and the Economic Security Centre of Dubai today signed a Memorandum of Understanding (MoU) to strengthen cooperation and information sharing in combating financial crime. This aims to achieve the strategic objectives of both parties, bolster confidence in...

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Business & Money | Thursday 6 February, 2025 10:30 am

40% increase in AI specialists in UAE since 2022: BCG Global

Dr. Akram Awad, Managing Director & Partner with the Boston Consulting Group (BCG),said that the number of AI specialists in the UAE has increased by approximately 40% since 2022. "This growth is exceptional compared to other countries competing in this sector, especially given the global...

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Business & Money | Thursday 6 February, 2025 10:25 am

Minister of Energy and Infrastructure explores cooperation with Bahrain’s Minister of Works

Suhail Mohamed Al Mazrouei, Minister of Energy and Infrastructure, held a meeting with Ebrahim bin Hasan Al Hawaj, Bahrain's Minister of Works, where they explored ways to boost cooperation between the two countries in infrastructure, transport, and climate action. During the meeting, held at...

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Business & Money | Thursday 6 February, 2025 10:21 am

ACRES marks its largest edition with record-breaking AED4.3 billion deals

The Sharjah Real Estate Exhibition (ACRES) has successfully reinforced its position as one of the most prominent real estate events in the UAE and the region, marking a significant milestone with substantial property deals for projects on display.Organised by the Sharjah Chamber of Commerce and...

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Business & Money | Thursday 6 February, 2025 10:19 am

DEWA, ABB Smart Power Division strengthen partnership for smart energy innovation

Saeed Mohammed Al Tayer, MD & CEO of Dubai Electricity and Water Authority (DEWA), welcomed Massimiliano Cifalitti, President of ABB’s Smart Power Division, during a meeting at DEWA’s headquarters. The visit marks a significant step in strengthening cooperation between DEWA and ABB to...

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Business & Money | Thursday 6 February, 2025 10:14 am

ROSHN signs SAR 2B credit facility deal with SNB

ROSHN Group, wholly owned by the Public Investment Fund (PIF), signed a SAR 2 billion Shariah-compliant credit facility agreement with Saudi Narional Bank (SNB). According to ROSHN’s statement, as reported by the Saudi Press Agency (SPA), the seven-year agreement aims to finance the...

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Business & Money | Thursday 6 February, 2025 9:56 am

Al Akaria sells 2 land lots in Madinah, Riyadh for SAR 85.6M

Saudi Real Estate Co. (Al Akaria) announced the sale of two land plots in Madinah and Riyadh for SAR 85.64 million, excluding real estate transaction tax and brokerage fees. In a statement to Tadawul, the company said that Madinah’s land in Al AlHarra Al Sharqiyah District, with a total ...

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Business & Money | Thursday 6 February, 2025 9:52 am

alrajhi bank and Salla Platform Company Forge Strategic Partnership to Enhance E-Commerce Experience

alrajhi bank has officially signed a strategic partnership agreement with Salla Platform Company, enabling Salla merchants to integrate the “mokafaa” loyalty program. This collaboration will allow consumers to earn and redeem loyalty points across more than 60,000 online stores on Salla,...

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Business & Money | Thursday 6 February, 2025 9:45 am

MIS bags SAR 227.8M project from SDAIA

Al Moammar Information Systems Co. (MIS) was awarded by the Saudi Data & AI Authority (SDAIA) the Naqaa Data Center expansion project, according to a statement to Tadawul. The total value of the project is SAR 227.8 million including VAT. The project entails expanding the Naqaa...

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Business & Money | Thursday 6 February, 2025 9:41 am

RAKEZ kicks off Growth Series 2025 with AI event for small businesses

Ras Al Khaimah Economic Zone (RAKEZ) successfully launched the first event of its Growth Series 2025, “AI on a Budget: Affordable Tools and Smart Automation for Small Businesses,” attracting a diverse group of entrepreneurs eager to harness the power of Artificial Intelligence (AI) without...

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